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Politics : Politics of Energy -- Ignore unavailable to you. Want to Upgrade?

To: teevee who wrote (10770)	7/7/2009 10:31:57 AM
From: RetiredNow	Respond to of 86356

First off, I didn't say I was in favor of bubbles. What I said was that bubbles occur naturally as part of long term economic cycles. They can also occur unnaturally through government manipulation. I'm against gov't formed bubbles. In fact, I'd argue that one of the main functions of the Fed is to reduce the incidence of bubbles and the disastrous aftermaths through monetary policy, but they've been piss poor at doing that, especially in the last decade or so. As far as the coming renewable energy bubble, I think that it was a matter of time before it happened naturally. With peak oil coming and the scientific consensus around climate change, economic forces were already starting to invest heavily in renewable energy. VC money from Silicon Valley into renewable energy started spiking several years ago. That was a leading indicator to know where the market was headed, if you watch leading indicators like I do.